The pharmacy automation equipment market was valued at US$ 4,984.70 million in 2020 and is projected to reach US$ 9,195.36 million by 2028; it is expected to grow at a CAGR of 8.0% from 2021 to 2028.
The major factors driving to the growth of the market are increasing medication errors, and rising demand for healthcare services. However, the problems associated with automated dispensing systems such as regular software updates and high system maintenance requirement are restricting the market growth. The pharmacy automation equipment market mechanizes various processes in pharmacy and other health care settings, with a main objective to reduce errors in medical prescriptions and optimize patient safety. Also, automation systems help in streamlining the workflow, reduce the risk of errors, and enhance safety of patients. The introduction of RFID, smart dashboard, barcode scanning technology, and data security in pharmacies for seamless workflow is driving the growth of the market. In addition, these devices reduce labor costs, and improve process accuracy and speed.
In December 2020, iZafe Group AB, Sweden, launched an updated version of the Dosell medication dispensing robot. With such launches, European healthcare sector witnessed increase in the adoption of pharmacy automation equipment, especially during the COVID-19 pandemic, as these systems ensure medication safety, reduce costs, and enhanced patient care.
Lucrative Regions for Pharmacy Automation Equipment Market
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Market Insights
Increasing Medication Errors Drive Pharmacy Automation Equipment Market Growth
A medication error involves inappropriate and ineffective dispensing of medicines that can harm patients. Common medication errors include dispensing a wrong drug, incorrect drug quantity, wrong drug strength, and item omission. Every year, the US Food and Drug Administration (FDA) receives over 100,000 reports associated with medication errors. Further, as per the study Medication Errors, published in StatPearls in June 2020, every year, ~7,000–9,000 people die in the US due to medication errors. Similarly, as per the estimates of the study “Prevalence and Economic Burden of Medication Errors in the NHS In England,” published in 2018, ~237 million medication errors occur in the NHS, while avoidable adverse drug reactions (ADRs) lead to hundreds of deaths. ~75% of the medication errors occur due to distractions as the healthcare professionals are engaged in multiple tasks, including examining the patient, speaking to consultants, speaking to patient family members, and conversing with insurance professionals. Sometimes, a lapse of judgment, due to an urge to complete the duty early, also leads to a medication error. Another major cause of medication error is distortion caused due to poor writing, abbreviation usage, misunderstood symbols, or improper translation. Moreover, illegible writing has been a major concern faced by both pharmacists and nurses since many years. Thus, the increasing number of medication errors is boosting the adoption of pharmacy automation equipment.
Type-Based Insights
Based on type, the pharmacy automation equipment market is segmented into automated medication dispensing systems, automated packaging & labeling systems, automated storage & retrieval systems, automated compounding devices, and tabletop tablet counters. The automated medication dispensing systems segment held the largest share of the market in 2020. Growth of the market for this segment is ascribed to the increasing number of errors in medication and dispensing, escalating demand for specialty drug prescription filling solutions, and stringent government policies compelling healthcare institutes and pharmacists decentralize pharmacies for improved patient care services. Further, the pharmacy automation equipment market for automated compounding devices segment is expected to witness the highest CAGR during 2021–2028.
Pharmacy Automation Equipment Market, by Type – 2020 and 2028
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Report Coverage
End User-Based Insights
Based on end user, the pharmacy automation equipment market is segmented into hospital pharmacy, retail pharmacy, and others. The hospital pharmacy segment held the largest share of the market in 2020. However, the retail pharmacy segment is estimated to register the highest CAGR in the market during the forecast period. The growth of the retail pharmacy segment is majorly attributed to the stringent government norms pertaining to medicine inventory and untapped market of remote locations.
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Pharmacy Automation Equipment Market: Strategic Insights
Market Size Value in US$ 4,984.70 Million in 2020 Market Size Value by US$ 9,195.36 Million by 2028 Growth rate CAGR of 8.0% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Pharmacy Automation Equipment Market: Strategic Insights
| Market Size Value in | US$ 4,984.70 Million in 2020 |
| Market Size Value by | US$ 9,195.36 Million by 2028 |
| Growth rate | CAGR of 8.0% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Companies operating in the pharmacy automation equipment market adopt the product innovations strategy to meet the evolving customer demands across the world, which also permits them to maintain their brand name in the global market.
Pharmacy Automation Equipment Market – by Type
- Automated Medication Dispensing Systems
- Automated Packaging & Labelling Systems
- Automated Storage & Retrieval Systems
- Automated Compounding Devices
- Tabletop Tablet Counters
Pharmacy Automation Equipment Market – by End User
- Hospital Pharmacy
- Retail Pharmacy
- Others
Pharmacy Automation Equipment Market– by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Talyst LLC (Swisslog Healthcare)
- AmerisourceBergen
- Baxter International Inc
- Capsa Healthcare
- OMNICELL INC
- Cerner Corporation
- McKESSON CORPORATION
- ScriptPro LLC
- BD
- YUYAMA Co., Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The pharmacy automation mechanizes various processes in pharmacy and other health care settings. The objective is to reduce errors in medical prescriptions and optimize patient safety. Also, automation systems help in streamlining the workflow, reduce the risk of errors, and improve patient safety. The introduction of RFID, smart dashboard, barcode scanning technology, and data security in pharmacies for seamless workflow is driving the growth of the market. In addition, these devices reduce labor costs and enhance accuracy and speed. These products further save pharmacists’ time so that they can spend more time with patients, thereby enhancing the patient experience.
The factors that are driving growth of the market are increasing medication errors, and increasing demand for healthcare services. Moreover, technological advancements are offering lucrative opportunities for the growth of the market.
The pharmacy automation equipment market majorly consists of the players such as Talyst LLC (Swisslog Healthcare), AmerisourceBergen, Baxter International Inc, Capsa Healthcare, OMNICELL INC, Cerner Corporation, MCKESSON CORPORATION, ScriptPro LLC, BD, and YUYAMA Co., Ltd amongst others.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Pharmacy Automation Equipment Market – By Type
1.3.2 Global Pharmacy Automation Equipment Market – By End User
1.3.3 Global Pharmacy Automation Equipment Market– By Geography
2. Pharmacy Automation Equipment Market– Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Pharmacy Automation Equipment Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SCAM PEST Analysis
4.3 Expert Opinion
5. Pharmacy Automation Equipment Market– Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Medication Errors
5.1.2 Increasing Demand for Healthcare Services
5.2 Market Restraints
5.2.1 Problems Associated with Automated Dispensing Systems
5.3 Market Opportunities
5.3.1 Emerging Markets
5.4 Future Trends
5.4.1 Technological Developments
5.5 Impact analysis
6. Pharmacy Automation Equipment Market– Global Analysis
6.1 Global Pharmacy Automation Equipment Market Revenue Forecast and Analysis
6.2 Global Pharmacy Automation Equipment Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Pharmacy Automation Equipment Market Analysis – By Type
7.1 Overview
7.2 Pharmacy Automation Equipment Market Revenue Share, by Type (2020 and 2028)
7.3 Automated Medication Dispensing Systems
7.3.1 Overview
7.3.2 Automated Medication Dispensing Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Automated Storage and Retrieval Systems
7.4.1 Overview
7.4.2 Automated Storage and Retrieval Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Automated Packaging and Labelling Systems
7.5.1 Overview
7.5.2 Automated Packaging and Labelling Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Tabletop Tablet Counters
7.6.1 Overview
7.6.2 Tabletop Tablet Counters: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Automated Compounding Devices
7.7.1 Overview
7.7.2 Automated Compounding Devices: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8. Pharmacy Automation Equipment Market – By End-User
8.1 Overview
8.2 Pharmacy Automation Equipment Market, by End-User, 2020 and 2028 (%)
8.4 Hospital Pharmacy
8.4.1 Overview
8.4.2 Hospital Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Retail Pharmacy
8.5.1 Overview
8.5.2 Retail Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9. Pharmacy Automation Equipment Market Analysis and Forecasts To 2028 – Geographical Analysis
9.1 North America: Pharmacy Automation Equipment Market
9.1.1 Overview
9.1.2 North America: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.3 North America: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.4 North America: Pharmacy Automation Equipment Market, By End User – Revenue and Forecast to 2028 (USD Million)
9.1.5 North America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
9.1.6 US: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 US: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 US: Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Million)
9.1.6.3 US: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.1.7 Canada: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Canada: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Canada: Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Canada: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.1.8 Mexico: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Mexico: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Mexico: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Mexico: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2 Europe: Pharmacy Automation Equipment Market
9.2.1 Overview
9.2.2 Europe: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.3 Europe: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.5 Europe: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.6 Europe: Pharmacy Automation Equipment Market, by Country, 2020 & 2028(%)
9.2.7 Germany: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.1 Germany: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.7.2 Germany: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.7.3 Germany: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.8 France: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.1 France: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.8.2 France: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.8.3 France: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.9 UK: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.1 UK: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.9.2 UK: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.9.3 UK: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.10 Italy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.1 Italy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.10.2 Italy: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.10.3 Italy: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.11 Spain: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.11.1 Spain: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.11.2 Spain: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.11.3 Spain: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
9.2.12 Rest of Europe: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.12.1 Rest of Europe: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.2.12.2 Rest of Europe: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.2.12.3 Rest of Europe: Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
9.3 Asia Pacific: Pharmacy Automation Equipment Market
9.3.1 Overview
9.3.2 Asia Pacific: Pharmacy Automation Equipment Market - Revenue and Forecast to 2028 (USD Million)
9.3.3 Asia Pacific: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.4 Asia Pacific: Pharmacy Automation Equipment Market, by End User– 2019–2028 (USD Million)
9.3.5 Asia Pacific: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
9.3.6 China: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.6.1 China: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.6.2 China: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.6.3 China: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.3.7 Japan: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.7.1 Japan: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.7.2 Japan: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.7.3 Japan: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.3.8 India: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.8.1 India: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.8.2 India: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.8.3 India: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.3.9 South Korea: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.9.1 South Korea: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.9.2 South Korea: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.9.3 South Korea: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.3.10 Australia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.10.1 Australia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.10.2 Australia: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.3.10.3 Australia: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.3.11 Rest of Asia-Pacific: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.11.1 Rest of Asia-Pacific: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.3.11.2 Rest of Asia-Pacific: Pharmacy Automation Equipment Market, by Application – Revenue and Forecast to 2028 (USD Million)
9.3.11.3 Rest of Asia-Pacific: Pharmacy Automation Equipment Market, by Industry – Revenue and Forecast to 2028 (USD Million)
9.4 Middle East & Africa: Pharmacy Automation Equipment Market
9.4.1 Overview
9.4.2 Middle East and Africa: Pharmacy Automation Equipment Market - Revenue and Forecast to 2028 (USD Million)
9.4.3 Middle East and Africa: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.4.4 Middle East and Africa: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
9.4.5 Middle East and Africa: Pharmacy Automation Equipment Market, by Country, 2020& 2028 (%)
9.4.6 UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.6.1 UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.6.2 UAE: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.4.6.3 UAE: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.4.7 Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.7.1 Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.7.2 Saudi Arabia: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.4.7.3 Saudi Arabia: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.4.8 South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.8.1 South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.8.2 South Africa: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Millions)
9.4.8.3 South Africa: Pharmacy Automation Equipment Market, by End User, 2019–2028 (USD Million)
9.4.9 Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.4.9.1 Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.4.9.2 Rest of Middle East and Africa Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
9.4.9.2.1 Rest of Middle East and Africa: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
9.5 South and Central America: Pharmacy Automation Equipment Market
9.5.1 Overview
9.5.2 South and Central America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
9.5.3 South and Central America: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.5.4 South and Central America: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
9.5.5 South and Central America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
9.5.6 Brazil: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.6.1 Brazil: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.7 Brazil: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.5.8 Brazil: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
9.5.9 Argentina: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.9.1 Argentina: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.10 Argentina: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.5.11 Argentina: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
9.5.12 Rest of South and Central America: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.12.1 Rest of South and Central America: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
9.5.13 Rest of South and Central America: Pharmacy Automation Equipment Market, by Type, 2019–2028 (USD Million)
9.5.14 Rest of South and Central America: Pharmacy Automation Equipment Market, by End-User, 2019–2028 (USD Million)
10. Impact Of COVID-19 Pandemic on Global Pharmacy Automation Equipment Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Pharmacy Automation Equipment Market– Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Talyst LLC (Swisslog Healthcare)
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AmerisourceBergen
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Baxter International Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Capsa Healthcare
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 OMNICELL INC.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Cerner Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 MCKESSON CORPORATION
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ScriptPro LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BD
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 YUYAMA Co.,Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 2. North America: Pharmacy Automation Equipment Market, By End User – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 4. US: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Mexico: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 9. Europe: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Europe: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Germany: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Germany: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 13. France: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 14. France: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 15. UK: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 16. UK: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 17. Italy: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Italy: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 19. Spain: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 20. Spain: Pharmacy Automation Equipment Market, End User – Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of Europe: Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of Europe: Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 23. Asia Pacific Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 24. Asia Pacific Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 25. China Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 26. China Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 27. Japan Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 28. Japan Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 29. India Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 30. India Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 31. South Korea Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 32. South Korea Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 33. Australia Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 34. Australia Pharmacy Automation Equipment Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 35. Rest of Asia-Pacific: Pharmacy Automation Equipment Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 36. Rest of Asia-Pacific: Pharmacy Automation Equipment Market, by Industry – Revenue and Forecast to 2028 (USD Million)
Table 37. Middle East and Africa Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028a (USD Millions)
Table 38. Middle East and Africa Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 39. UAE Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Millions)
Table 40. UAE Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 41. Saudi Arabia Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Millions)
Table 42. Saudi Arabia Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 43. South Africa Pharmacy Automation Equipment Market, by Type– Revenue and Forecast to 2028 (USD Millions)
Table 44. South Africa Pharmacy Automation Equipment Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 45. Rest of Middle East and Africa Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 46. Rest of Middle East and Africa Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 47. South and Central America Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 48. South and Central America Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 49. Brazil Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 50. Brazil Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 51. Argentina Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 52. Argentina Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 53. Rest of South and Central America Pharmacy Automation Equipment Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 54. Rest of South and Central America Pharmacy Automation Equipment Market, by End-User – Revenue and Forecast to 2028 (USD Million)
Table 55. Organic Developments Done By Companies
Table 56. Inorganic Developments Done By Companies
Table 57. Glossary of Terms, Pharmacy Automation Equipment Market
LIST OF FIGURES
Figure 1. Pharmacy Automation Equipment Market Segmentation
Figure 2. Pharmacy Automation Equipment Segmentation, By Region
Figure 3. Global Pharmacy Automation Equipment Market Overview
Figure 4. Automated Medication Dispensing Systems Held Largest Share of Type Segment in Pharmacy Automation Equipment Market
Figure 5. Asia Pacific to Show Remarkable Growth During Forecast Period
Figure 6. Pharmacy Automation Equipment Market, by Geography (US$ Million)
Figure 7. Global Pharmacy Automation Equipment Market– Leading Country Markets (US$ Million)
Figure 8. Global Pharmacy Automation Equipment Market, Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SCAM: PEST Analysis
Figure 14. Pharmacy Automation Equipment Market Impact Analysis of Driver and Restraints
Figure 15. Global Pharmacy Automation Equipment Market– Revenue Forecast and Analysis – 2020- 2028
Figure 16. Global Pharmacy Automation Equipment Market– By Geography Forecast and Analysis – 2020- 2028
Figure 17. Market Positioning of Key Players in Global Pharmacy Automation Equipment Market
Figure 18. Pharmacy Automation Equipment Market Revenue Share, by Type (2020 and 2028)
Figure 19. Automated Medication Dispensing Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Automated Storage and Retrieval Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Automated Packaging and Labeling Systems: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Tabletop Tablet Counters: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Automated Compounding Devices: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Pharmacy Automation Equipment Market, by End-User, 2020 and 2028 (%)
Figure 25. Hospital Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail Pharmacy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Others: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 29. North America: Pharmacy Automation Equipment Market Revenue and Forecast to 2028 (USD Million)
Figure 30. North America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
Figure 31. US: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Canada: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Mexico: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Europe: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 35. Europe: Pharmacy Automation Equipment Market Revenue and Forecast to 2028 (USD Million)
Figure 36. Europe: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
Figure 37. Germany: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. France: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. UK: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. Italy: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 41. Spain: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 42. Rest of Europe: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 43. Asia Pacific: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 44. Asia Pacific Pharmacy Automation Equipment Market Revenue and Forecast to 2028 (USD Million)
Figure 45. China: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 46. Japan: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 47. India: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 48. South Korea: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 49. Australia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 50. Rest of Asia-Pacific: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 51. Middle East & Africa: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 52. Middle East and Africa Pharmacy Automation Equipment Market Revenue and Forecast to 2028 (USD Millions)
Figure 53. UAE: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 54. Saudi Arabia: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 55. South Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 56. Rest of Middle East and Africa: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 57. South and Central America: Pharmacy Automation Equipment Market, by Key Country – Revenue (2020) (USD Million)
Figure 58. South and Central America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
Figure 59. South and Central America: Pharmacy Automation Equipment Market, by Country, 2020 & 2028 (%)
Figure 60. Brazil: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 61. Argentina: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 62. Rest of South and Central America: Pharmacy Automation Equipment Market – Revenue and Forecast to 2028 (USD Million)
Figure 63. Impact of COVID-19 Pandemic in North American Country Markets
Figure 64. Impact of COVID-19 Pandemic in European Country Markets
Figure 65. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 66. Impact Of COVID-19 Pandemic in Middle East and Africa Market
Figure 67. Impact Of COVID-19 Pandemic in South and Central America Market
Figure 68. Growth Strategies Done by the Companies in the Market, (%)
The List of Companies - Pharmacy Automation Equipment Market
- Talyst LLC (Swisslog Healthcare)
- AmerisourceBergen
- Baxter International Inc
- Capsa Healthcare
- OMNICELL INC
- Cerner Corporation
- McKESSON CORPORATION
- ScriptPro LLC
- BD
- YUYAMA Co.,Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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